T-Rex, a Web3 startup, has secured $17 million in pre-seed funding from high-profile investors including Framework Ventures and Arbitrum Ventures. The funds will support the development and launch of a purpose-built blockchain platform for rewarding user engagement and content interaction across popular platforms like TikTok, YouTube, and X (formerly Twitter).
T-Rex aims to transform online content publishing by letting users easily earn cryptocurrency through regular digital activities, thanks to its Proof of Engagement (PoE) mechanism embedded in a privacy-preserving browser extension. The platform intends to seamlessly distribute rewards while abstracting away the complexity of crypto, making it accessible to mainstream users and content creators. EVG, Asia’s leading Web3 product builder, is responsible for T-Rex’s development. Additionally, an $8 million Incubation Fund will fast-track ecosystem growth by providing support to developers and projects joining the platform.
T-Rex will leverage Arbitrum’s layer-2 scaling solutions for fast, low-cost transactions, targeting mass adoption in high-growth regions like Southeast Asia. The project has garnered strong industry backing and is projected as a bridge to bring consumer-scale adoption to Web3, focusing on culture-first and intuitive user experiences. The full platform launch is planned for summer 2025.